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http://online.wsj.com/article/SB1000...869574012.html
"Theranos is committing to a half-off discount on Medicare fees. 'So a test that costs $100 now, we'll do $50 or less. The quote-unquote payer community I don't think has ever seen someone walk in and say we want to bill you at less than you're willing to reimburse," she says. If this strategy succeeds in squeezing down prices--say, lowering testing as a share of total health costs to 1.5% from 2.3% now--it could save Medicare $61 billion over 10 years and Medicaid $96.1 billion, according to what Theranos calls a conservative estimate."
The whole article is pretty amazing--as is Elizabeth Holmes.
"Theranos is committing to a half-off discount on Medicare fees. 'So a test that costs $100 now, we'll do $50 or less. The quote-unquote payer community I don't think has ever seen someone walk in and say we want to bill you at less than you're willing to reimburse," she says. If this strategy succeeds in squeezing down prices--say, lowering testing as a share of total health costs to 1.5% from 2.3% now--it could save Medicare $61 billion over 10 years and Medicaid $96.1 billion, according to what Theranos calls a conservative estimate."
The whole article is pretty amazing--as is Elizabeth Holmes.
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